act legal Romania assisted Solida Capital on its entry to the Romanian residential market

act legal Romania assisted Solida Capital on its entry into the Romanian residential market through a new boutique residential development in Sector 1, Bucharest, undertaken in partnership with RADOX. 

The project marks Solida Capital’s entry into the Romanian residential market and supports the company’s broader growth strategy across Central and Eastern Europe. The development will be located in a well-connected residential area of Bucharest, close to the lake shore, and will focus on a limited number of high-quality apartments.

act legal Romania provided legal assistance in connection with the structuring and implementation of the investment, supporting the client throughout the transaction process. The team was led by Mihaela Poșircă, Real Estate Partner, and Andrei Hâncu, M&A Counsel. Jean Aboumrad, Chairman at Solida Capital Europe, commented:

“This project marks an important step for Solida Capital as we enter the Romanian residential market. We were pleased to work with act legal Romania as trusted local counsel and appreciated their support throughout the process. We look forward to developing a project that reflects our focus on quality, efficiency and long-term value creation.”

The mandate adds to act legal Romania's track record of advising investors, developers and asset managers on real estate acquisitions, developments and strategic investments across a broad range of asset classes.